An update from Kingsway Financial Services ( (KFS) ) is now available.
Kingsway Financial Services Inc. has announced the acquisition of M.L.C. Plumbing LLC, known as Bud’s Plumbing, a century-old service and repair plumbing company, for $5 million. This strategic move, funded with cash and a seller note, is expected to enhance Kingsway’s presence in the skilled trades sector, potentially strengthening its market position and offering new growth opportunities.
More about Kingsway Financial Services
Kingsway Financial Services Inc. is a holding company primarily involved in the business services and extended warranty industries. It operates through subsidiaries in various segments including B2B services, healthcare services, vertical market software, and skilled trades, with its common shares listed on the New York Stock Exchange under the symbol ‘KFS’.
YTD Price Performance: -8.28%
Average Trading Volume: 27,767
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $208.7M
For an in-depth examination of KFS stock, go to TipRanks’ Stock Analysis page.